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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: James Luk who wrote (4467)1/30/1999 3:07:00 AM
From: Rusty Johnson  Read Replies (1) | Respond to of 4509
 
Hoping you're right James ...

here's Briefing.com's take:

The mirror opposite of VRTS was PeopleSoft (PSFT 19 13/16 -2 5/8) which disappointed the street with its earnings and magnified the problem by suggesting that conditions remain difficult... Stock likely to drift back toward 52-wk low at 16 11/64.

Personally, I'll take a 30% annual return any day. Check back in a year and see if I'm right.

Best of luck.



To: James Luk who wrote (4467)1/30/1999 11:19:00 AM
From: SDNA  Read Replies (3) | Respond to of 4509
 
From the 1/29/99 San Francisco Chronicle:

"It's the first time the Pleasanton-based firm, the world's second-largest business management software-maker, has slashed jobs. They are cutting 6 percent of the workforce just four months after hiring 2,500 people"

I feel the job cuts are over emphasized as bad news, they're more like correcting the over optimism in previous hirings.

Good luck!


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